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Dec 24, 2012 4:00am PST
sum up this year's stock market wins and losses. a former goldman sachs insider spills the secrets wall street doesn't want you to know. plus, it goes down as the most expensive election in history. the role dollars and donations played in the race to the white house. and, americans spent a staggaring amount of money at the box office this year. a look at what we watched. but first, matt shapiro, president of mws capital, joins us now for a look back at the standout stocks of 2012. good to have you on the show this morning. > > thanks a lot angie. > definitely facebook was the leader of the pack. it was the third largest ipo ever, and one of the worst opening days ever. > > what a typical disaster for today's vacuous electronic markets. but, if you held off, remember, it was $18.75 before its last earnings report, and bounced all the way up. so, not only was it the worst ipo, but, it was a story rebound stock. and it's kind of the age of 2012, was these big tech stocks. which one do you buy and where do you buy it? > there were good times and bad for apple. at one point it was the
FOX Business
Dec 22, 2012 1:00am EST
? >> macbeth. >> we also happily accepted nations but goldman sachs has issued a special impact bond and we are the lead recipient. >> this means that goldman sachs puts up $10 million and says we think your group can help young concts not to repeat. >> those who know how to take on risk effectively look at the model and if it works they get money back with a return or they lose a significant portion. >> they looked at your group they think you can help and if it works, they will pay goldman sachs back plus 20 5%??3 >> the measure is if they go back to jail. >> you have given away $3 billion? >> is thisn exciting new development? >> and exciting new way how philanthropy can make change have been busy the traditional are hoping for the best corps as a way to use money for social benefit there is a range of options. >> used to hope for the best. now they want a new meurement? >> a sense that the money achieves results and they want to see things hppen faster. >> and more is going on? there is a competition. look at me i do good. >> it is a virtuous cycle. almost as a global culture of giving
Dec 4, 2012 10:00pm PST
to goldman sachs to governor. >> frontline's "money, power and wall street" series continues with jon corzine's mf global disaster. >> jon corzine was betting on a bailout. he was betting that the relatively risky parts of europe would become less risky. he basically made a goldman-sized bet at a firm that was only a sliver of goldman's size. >> the firm's stock is getting crushed yet again this morning, and mf's credit rating was cut to junk by moody's overnight. >> how can something like this be allowed to happen? how can n e individu completely shape the destiny of this firm and ultimately its demise? >> these two stories on this special ededion ontline. >> frontline is made possible by contributions to your pbs station from viewers like you. thank you. and by the corporation for public broadcasting. major funding is provided by the john d. and catherine t. macarthur foundation, committed to building a more just, verdant, and peaceful world. and by reva and david logan, committed to investigative journalism as the guardian of the public interest. additional funding is provided by the par
Dec 9, 2012 5:15pm EST
of these are entrepreneurs who are not seeking special government leaders. the big banks, the goldman sachs of the world were all internet government and the government itself is mandating the purchase of these credit defaults on its and other devices which ended up bringing down the economy. it's not procapitalist to support goldman sachs and the internment embrace of the department of the treasury. >> is supply-side economics is quick >> surprise side economics is true economics. i actually am quite excited to have mitt romney running for president because they & co. was one of the providers of the foundation of supply-side economics. they apply to business. they showed the most effective way for businesses to gain share -- market share to cut their prices. we will cut prices that their business market share because costs are out by about 20 to 30% with each doubling of total units that were sold. the cost in general, economies of scope and scale of learning is called a learning curve. this is really the foundation of supply-side economics. why when you cut taxes, which are just like a prize, you reduce co
Dec 22, 2012 6:30pm EST
. they might own the light. there is another company, maybe a goldman sachs or a large law firm, that advises on that glass. ee often talk about the interi information superhighway. i like to think of it more that a network is a car that is tugging along the highway side- by-side with other networks. there is definitely a layering going on. that is crucial to understanding the way that the networks and internet operate individually and on a global basis and interconnect and very specifically. >> is there any fear that messages or whatever is being carrying on those networks could get lost? such as you took the wrong offramp on highway question mar. >> certainly. and are encoded with an address. sometimes those end up in the wrong place. it is based on trust. the routing system is based on trust and the network saying, i am over here. here are the networks behind me that you can reach through me. that announcement is not prescribed and is not really regulated based on the competence and trust of a given network engineer. occasionally and this happened last week, a network all say, actually the
Dec 18, 2012 11:00pm EST
it was a few years ago. we will look at the trading in goldman sachs. it has been lured back to life. that is the case with bank of america. just to get caught up with the rest of the market is a catch up trade. third, i was asked to name the biggest surprise. i know i dazzled people. i think interest rates are going to go up. maybe big. you better lock in a mortgage right now if you can. i know it is counterintuitive given what the fed chief said but i'm thinking that the fed chief may not be able to stop this. it won't please anyone, particularly the ratings agencies, but we have all learned from europe and the debt debacle from last year that the downgrades, let's just say, they aren't that worrisome, now you don't want to be borrowing trillions of dollars, but remember, a deal without severe belt tightening will be good for the economy. that means rates can go higher and when you combine that with the billions that we spent after hurricane sandy you can see why rates are going down. it will produce a ton of jobs as spending has been held back while we waited for washington. certa
FOX Business
Dec 28, 2012 4:00pm EST
a number of ceos, having a conference call to update them. lloyd blankfein of goldman sachs on the call, trying to confirm other members of the call. thinks moving quickly, but not much progress. david: if there had been any kind of conclusion or any kind of agreement between republicans and democrats as we're looking at pictures -- that was nancy pelosi moments ago, if there was an agreement, there probably would have been an announcement, come out to the gaggle of reporters saying they are happy, and there was none of that announcing going on today; correct? >> exactly. there was none of that. if nay reached an agreement, it would have been announced here or at least by the president or there's an announcement by the president. it could be a good sign that they are not talking because maybe they did find some progress they don't want to discuss with the media or mess it up so they are just leaving. you know, you consider how this meeting started, there would have had to have come a very long way in a decent -- a decent amount of negotiations would have had to have happened there that
Dec 11, 2012 12:00pm EST
to own. but if you look at goldman sachs trading at $119, it looks like it wants to make a run at 130 bucks. it definitely has to hold here, though, $118 to make that move. or else you're just looking at a sliding market. a declining economy and everything else that goes with it. technically the setup here, either jpmorgan or goldman sachs. i think bang for your buck, goldman sachs. bank of america right now overbought. looks like it wants to come back in. >> guys? >> grasso, i think if -- to kind of give people an easy way to choose, if you think we're going to have -- meaning an up equity market, lots of issuance, maybe goldman is your pick. if you don't think that's the case jpmorgan is probably the better of the two. both of them look great technically. i agree with you. >> from a technical standpoint i agree with steve. he's spot on. goldman looks like if it can peek its head up above the near term trend line it goes higher. bank of america if you're in the name you need to take it off. way, way, way overbought. >> what are you smiling for? >> i like to smile. i enjoy smiling. it
Dec 20, 2012 4:00am EST
goldman sachs withdrew as a lead individualser on the ipo of alleged corporate governance issues. in a cnbc global exclusive, geoff cutmore asked alisher usmanov if events in october hurt his relationships. >> translator: i have always respected lloyd blankfein. goldman sachs is a company with which we are working with, the company that i control is working with. that is to say, i believe we will continue to work with gold pan sacks in the future. there is no doubt in my mind about that. what happened at that time is there were certain procedures that exist in goldman sachs. lloyd is the leader of a huge financial organization that have certain procedures. so given those procedures, they felt that they needed, at the time of os restructuring, our assets, they needed to make certain verifications, certain clarifications and we for our part felt that we couldn't wait. we didn't want to wait. therefore, we said you either accept our plan and our schedule or we will proceed without you. we'll move on. and it's not a question of goldman sachs rejecting us or us rejecting them, we just
Dec 12, 2012 9:00am EST
. goldman sachs ceo live from the deal book conference in a cnbc exclusive. what's his take on the fiscal cliff, the economy and regulatory land scape. [ male announcer ] with wells fargo advisors envision planning process, it's easy to follow the progress you're making toward all your financial goals. a quick glance, and you can see if you're on track. when the conversation turns to knowing where you stand, turn to us. wells fargo advisors. ♪ [ male announcer ] 'tis the season to discover the kid in all of us. enjoy free shipping and great values on your holiday shopping from l.l. bean. >> meantime, tensions boiling regulatory landscape. >>> welcome back. i wanted to take a look at shares of berkshire hathaway. earlier, right at the open, berkshire shares were halted. it was unclear why. then we got the news, a significant repurchase of -- or purchase, i should say, of shares from a selling shareholder of some size. it will add up to about $1.2 billion overall, that is when you buy 9,200 shares, it may not seem a lot, but it has a tendency to add up. one would assume that the seller is
Dec 5, 2012 12:00pm EST
on the embattled hedge fund next. goldman sachs lowers its goal forecast. is the move justified? we'll good to the pits to find out, when we come back. bob, these projections... they're... optimistic. productivity up, costs down, time to market reduced... those are good things. upstairs, they will see fantasy. not fantasy... logistics. ups came in, analyzed our supply chain, inventory systems... ups? ups. not fantasy? who would have thought? i did. we did, bob. we did. got it. ♪ you can stay in and like something... ♪ [ car alarm deactivates ] ♪ ...or you can get out there with your family and actually like something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. heartburn symptoms causedelieve by acid reflux disease. offering some of our best values of the year. osteoporosis-related bone fractures and low magnesium levels have been seen with nexium. possible side effects include headache, diarrhea, and abdominal pain. other serious stomach conditions may still exist. talk to your doctor about nex
Dec 20, 2012 12:00am PST
bargain. and don't forget, we gave $13 billion to bail out an aig/goldman sachs deal to goldman sachs. and in my book, the fine print, i tell about another $5 billion gift we made to goldman sachs that nobody else has reported on. >> okay. now gm stock had a pretty good day on wall street today. general motors closed at $27.18 per share. it gained $1.69 during the trading after the government's announcement. so and here is a look at general motors earnings over the past two years. david, is general motors recovering? >> oh, absolutely. general motors in 2008 was out of cash. they've now got $32 billion of cash. so they're doing very well. and going forward, they should do well. >> which is going to help them invest in an infrastructure and development of better product. >> creating more jobs. >> of course, product is not their problem. worldwide, they have really taken some strides. now, let's talk about aig, which you mentioned. the government says that it made $22.7 billion on the aig bailout. and that was a bailout. some republicans say the unions kept us from making money on gm as
Dec 24, 2012 7:15am EST
own the light. ask and then you might have a goldman sachs or large law firm that buys bandwidth on that glass. so it's, you know, we often talk about b the information superhighway as if the network itself were the highway. i hike to think of it more -- i like to think of it more that a given network is a car chugging along the highway side by side with other networks because there's definitely a layering going on that's crucial to understanding the way in which the networks of the internet operate individually, on a global basis, but then, of course, have to interconnect in very specific places. >> host: is there any fear that messages or whatever is being carried on those networks, through those networks could get lost such as if you took the wrong off ramp on a highway? >> guest: certainly, yeah. i mean, you know, they are encoded with their address, you know, to continue the metaphor, and sometimes those end up in the wrong place usually because, you know, it's based on trust. the routeing system is based on trust. it's based on a network saying i'm over here, and here are a
FOX Business
Dec 24, 2012 11:00am EST
on the dow. nicole: did the woman have two nights of teeth? on -- i can show you goldman sachs. it is down about .5%. another dow component that i will show you includes mcdonald's. it is right over here. it is down a full percentage point. we are seeing some down arrows. the vix, the fear index, has been to the downside. people continue to worry about the fiscal cliff. back to you. dennis: thank you. dagen: mitt romney did not want to run for president. at least, that is what his son is saying. he said he had no desire to run for office. it was his wife along with his sons to push him. dennis: let's bring in doug shoen. >> i don't think it could be farther from the truth. the physical and emotional stress of the process. they do not go through that if they do not want to be president. dagen: maybe what was wrong, what people sensed about mitt romney when he was on the campaign trail, that there was a lack of passion there. >> there was no unwillingness to take whatever position he thought would suit his purposes in the campaign and, you never heard rodney say this is what i really need, y
FOX Business
Dec 28, 2012 1:00pm EST
here. it's curtesy of goldman sachs, and dozens of companies expected to be affected. it's not just defense companies. it's also other companies that get a lot in the way of government contracts, and there's companies here, get 50% or more of their sales from government contracts. really interesting stuff. it's not just, again, defense companies. you're going to see waste management in there, an environmental company. motorola in there as well. we talked to fidelity. they are concerned as well telling amists to watch for certainly insexes -- indexes and others that cover financials and others cited there. adam: i have friends saying there's no fiscal cliff, it's make believe trumped up by the media and parties to scare people, get rate, and, perhaps bring about policy that's not true. look at the companies, the fact that the government -- look at the contracts that would be canceled, those are people who would lose jobs in several months. the recession that the cbo is legitimate looking at that list. >> that's right, adam. it's interesting because it flushes out what companies basic
Dec 14, 2012 12:00pm EST
, it never goes down. with that being said, goldman sachs is a financial stock. >> what do you make of this argument that santolli was making, pete. you can get a sell on the news event if you get a deal on the fiscal krif. it's counter intuitive. >> if that were to happen, i agree with josh. i don't know that i see that in front of us. if that were to happen, i think that present a great opportunity. i look at the financials. goldman sachs, i look at all the financials. jpmorgan, goldman sachs, i like them. >> i totally get what mike's saying. it's an interesting thing to consider. it's definitely possible of course. my inclination would be a 1,000 point dow rally. there's so much pent up fear and skepticism. with that out of the way in addition to what the feds told us, which is low rates until we're dead, i can't imagine this market not exploding higher on a deal. >> simon, the dow has had a nice little run here, right? we had the string of six or so, seven days or so in a row here where the dow is up. we haven't seen that since the spring. >> yeah. >> do you think if we get i in
Dec 3, 2012 1:00pm EST
their best day of the year on the back of an upgrade by goldman sachs. a call out on research in motion an verizon as well. but are they the right call? we'll analyze the analysts straight ahead. >>> plus a cnbc exclusive you don't want to miss. david faber speaking with charter communications ceo thomas rutledge. his first interview since take over that top job. "power lunch" back in two. having you ship my gifts couldn't be easier. well, having a ton of locations doesn't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that is a customer. oh...sorry about that. [ male announcer ] break from the holiday stress. fedex office. tdd#: 1-800-345-2550 after that, it's on to germany. tdd#: 1-800-345-2550 then tonight, i'm trading 9500 miles away in japan. tdd#: 1-800-345-2550 with the new global account from schwab, tdd#: 1-800-345-2550 i hunt down opportunities around the world tdd#: 1-800-345-2550 as if i'm right there. tdd#: 1-800-345-2550 and i'm in total control because i can trade tdd#: 1-800-345-2550 directly online in 12 markets in their local currencies. tdd#: 1-800-345-
Dec 5, 2012 1:00pm EST
at the goldman sachs financial services conference but he mentioned those layoffs right out of the gate. addressing the morning's announcement which he said is straight to the heart of citi's mission which is getting back to the basics of individual banking. among those 11,000 job cuts though, more than half will take place in the consumer banking business abroad. the bank will exit regions like pakistan and paraguay that haven't been profitable. 1,900 jobs will come from its institutional client's group. they'll start to reassess coverage of certain sectors and geographies in that group. it will close offices underutilized, revisit its branch strategy in metro areas including those in the u.s. this is a broad overhaul of strategy. we have some 350 of those layoffs, too, taking place in citi's so-called bad bank citi holdings. the cfo said the bank will move swiftly to sell those assets but they still face two problems -- valuation of businesses and financing for these buyers that are interested. the financing caused them to remain directly exposed to a lot of the bat businesses like mo
Dec 11, 2012 1:00pm EST
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FOX Business
Dec 3, 2012 3:00pm EST
power over of the hour. dell getting a thumbs up from goldman sachs. price target going from nine dollars to $13 a share. open analyst saying the earnings estimates have already dropped significantly. the risk reward in the stock is favorable. goldman also talks about strengthening the balance sheet. todd news has turned two week pc sales. all right, retailers on the red today. especially from the department store chains. lauren simonetti has the latest. >> jcpenney down by 3.5%. for the fourth quarter, the all-important holiday quarter where many really tailor's if 40% of their annual business, jcpenney can see their same-store sales climbed by 32%. jcpenney is looking to end the year with a billion dollars in cash. one of the ways to do that would be aggressively cutting their capital to low levels. that would mean tighter inventory. not the best scenario. jcpenney a big loser today. nordstrom, macy's and target, these chains are also down. that is how we are doing. stocks, overall, are down, as well. lori, back to you. lori: thank you, as always. the drought has taken a toll on
Dec 24, 2012 7:00pm EST
that might be a goldman sachs or large law firm that buys bandwidth on that glass. so we often talk about the information superhighway as if the network itself is a highway. i like to think of it more as the network, given network is a car chugging along the highway side-by-side with other networks because there is definitely a layering going on that's crucial to understanding the way in which the networks of the internet operate individually ,-com,-com ma on a global basis but then of course how they interconnect and specifically. >> host: is there any fear that messages or whatever is being carried on those networks, that those networks could get lost? if you take an off ramp on a highway? >> guest: certainly, yeah. they are encoded with their address. to continue the metaphor. and sometimes those end up in the wrong place. usually because you know, it's based on trust. the routing system is based on trust. it's based on a network saying i'm over here and here are all the networks behind you. here are all the networks you can reach through me but that announcement is not, is not prescri
Dec 7, 2012 4:00am PST
. > goldman sachs has a call out that we will see a renaissance in commodities. are you bullish on any particular commodities here? > > i am bullish on the agriculturals, for reasons of which the supply and also the growing drought that we had this past year, the continued conditions that make for dry growing season next year as well. so i think from a supply/demand standpoint, yes, i think agricultural. the other thing i like, commodities in general, is when the fed's buying $85 million a month worth of treasuries, i think you are going to have to like commodities. > what is your play on the dollar? > > i would have expected it would have had a little more strength this year, especially into the fall. however, given the fact that the fed is stepping on the gas, and, depending on what happens with the fiscal cliff and of course the economy next year, i think the dollar is going to drift a little bit weaker. nothing dramatic, but i think it will drift a little weaker as the year progresses. > thanks tim. have a good trading day. > > thanks. just in time for the holidays, hostess brands'
Dec 10, 2012 4:00am PST
in the hamptons. according to reports, the ceo of goldman sachs has purchased a sprawling home in the upscale bridgehampton neighborhood in new york. the 8,000-square-foot home boasts a tennis court, gardens, and a wet bar. the new york post reports the house was listed for a whopping $32.5 million. ahead of today's sales numbers from mcdonald's, there's at least one burger believer. the golden arches dissapointed wall street last month by reporting a 2.2% decline in same-store sales for october - the first decline in 9 years. now, an analyst with janney capital markets believes november's same-store sales should increase by 1.7%. back in september, the firm downgraded the burger chain to "neutral," but is now upgrading the stock back to a "buy," with a $104 price target. some turbulence for boeing. first, the federal aviation administration issued a formal rule late last week requiring all u.s. carriers to inspect fuel systems on boeing's new 787 dreamliner. now comes word that two different boeing customers have cancelled six plane orders, representing a nearly $1.9 billion loss for the co
Dec 26, 2012 4:00am PST
with that big loss, goldman sachs makes list, hsbc. did it change people's perceptions of these big banks? > > when we look at the data, we can see that trust in the financial service industry has further eroded. so any time you have a crisis like that, it has an impact on the company overall. but when you have a bunch of companies together, it does erode trust in the industry as a whole. > there was also a tragic event that made the list: costa concordia. > > yes. costa concordia, we all remember the images of the half-tipped-over cruise ship right there off the coast of italy. it was a tragic case, it was obviously a loss of lives and a tragic situation all around. what made it particularly striking, however, was some of the kind of bizarre circumstances surrounding the behavior of the captain at the time. and that immediately raised questions about the safety standards at the operator. > that's right, thoughts of an affair with a younger woman, and there were just a lot of details on that. moving on to apple and foxconn. this was a shocking story to a lot of people as to how people wer
Dec 31, 2012 12:00pm EST
to the government. goldman sachs says that ending the tax hol day would shave .6 percentage points off economic growth next year, which is not predicted to be strong. so let me tell you what the impact would be for you. if you make $50,000 a year that works out about $20 a week more you'll have to pay according to the urban bookings tax policy center. $20 a week doesn't seem like that much, but when you add it up, it will be about a thousand dollars less you will take home next year. >>> hail to the redskins. did you see that game last night? whoa, it was hot. and we are now the division east champions. delia got up early today to talk to fans who celebrated all night. >> reporter: it is all about the burgundy and gold today. fans celebrating a major win, a great way to ring in the new year. you have got your jersey on, tell me about the game last night what did you think? >> it was awesome. we found fans still trip a long night celebrating. >> you couldn't ask for better. cowboys, our rivals, rg iii and the rest of the young guys, they have ex sedded everybody's expectations. >> reporter: ever
Dec 18, 2012 12:00pm EST
high with goldman sachs and morgan stanley as a time to bank some profits, is this going to keep going and there are those that are saying going higher, meredith whitney, for whatever you say, she did a great job creating the bottom and so the banks are moving up in line with it. by the way i'm glad she's along for the ride. welcome to the party and let's talk specifically about goldman sachs, morgan stanley the last couple of days exploded to the upside. it wants to go to 130 why? >> as you talked about before, there is a movement for revenues within the trading division. those are the two names that you focused on. >> around the 1080 range, recently waited for a pullback, came down to 1060 and we didn't jump back in. you can look at jeffreys, great quarter, trading 2 1/2% on the day. >> the dow component is the buzz of the floor today. let's talk to our friend steve grasso. how are you trading hpq today? >> i've been long the name. i sold it yesterday based on that dell headline gaining in server revenue and taking out a little bit of the hpq momentum. i'm looking to reenter the trad
Dec 18, 2012 5:00pm EST
at goldman sachs. obviously the stock has had quite a run. where we saw opening interest, we look at flow, we know people are buying options and not cl e closing existing positions and we saw some of that in the december put with 80s on those and maybe the stock went a little too far too fast and might pull back 2.5% or more by friday's expiration. where bac is concerned, i agree, you have a cheap stock that gets less cheap, i think you want to stay with that trade. pulte, not so sure. >>> trade school is in session on "fast money." we'll head to the twitter sphere to find out what lessons you have learned this year and bad lessons you're leaving behind. [ male announcer ] trading's like a high-speed train. and you don't want to miss it with thinkorswim by td ameritrade. you get knock-your-socks-off tools, simple one-click orders, real-time paper trading to hone your skills, plus anytime you need it support. ♪ stocks, options, futures, and forex. get your trading on track. thinkorswim by td ameritrade. trade commission free for 60 days, plus get up to $600 when you open an account. plus ge
Dec 22, 2012 7:00pm EST
impart in fact it makes them immune to this. we can no longer indict a goldman sachs or jpmorgan chase and risk taking them down into the economy down with them. you know, it's just not a realistic thing. so they are too big to fail to fascinate and then it was 2009 when the banks became too big to jail. >> host: we have 15 minutes left with our guests, neil barofsky. a lot is the name of the book. we have a question. have you ever fear for your life? >> guest: you know, i did when i was a narcotics prosecutor. i was the subject of a kidnap an assassination attempt down in colombia. i read about it in the book that it really was a stroke of luck. we were investigating the armed forces of colombia. in the investigation, they sent a double agent, if you will, with a plan to bring militia in to call in a location that we did in our reviews. he either tried to kidnap or murder me. it was just pure happenstance where we were able to avoid that. that is probably the scariest thing as far as having a life in danger. nothing in washington is as annoyed. but certainly nothing. they may have thr
FOX Business
Dec 3, 2012 1:00pm EST
to goldman sachs. they say they know the pc industry is weak. that is already baked into the stock. and quote, we could see sentiment in expectations postively in 2013. back to you. lori: thanks so much, lauren. >> sure. lori: gm missing expeccations for november sales but ford crushed it. sales up 6% over last year. chrysler had the best november in five years, with 14.4% increase, it wasn't good enough to beat the 16% analysts were looking for. superstorm sandy having an impact as well. customers in the northeast headed to dealerships with insurance checks in hand giving them so-called wealth effect. we have the automotive editor with sandy ace impact on car sales and overall industry check as well. great to see you. >> you too. lori: talk about sandy. we saw cars literally floating out to see. you automatically thought this would be a boon for the auto industry. what was your take? >> definitely helped. there were 200 to 250,000 cars destroyed. not quite that many were sold last month but played into the increase we saw to a certain extent. used car sales were not up as much. t
Dec 3, 2012 12:00pm EST
is off track. don't sell dell. a change of heart from goldman sachs as our traders are fired up. they'll debate whether the stock should be in your portfolio. but first our top story. the markets and the cliff. >> there's not going to be an agreement without rates going up. >> we're nowhere. period. >> i think we're going over the cliff. it's pretty clear to me they have made a political calculation. >> and so the back and forth continues amid reports that talks between the white house and top republicans have collapsed with one month to go before the fiscal cliff. our traders for the hour, joe terranova, stephanie link, simon baker, josh brown. they're ready with your best plays right now. and joe terranova, play this market. >> 4:00 this morning when i got up, i turned on the screens. looked at where the market was and tweeted directly to stephanie. if you are a money manager, you were asked at 4:00 in the morning, why is the market here, why is it not lower? well, it's now 12:00, scott, and after the ism, the s&p futures trading 14, 15, the same question. why is the market here? it
Dec 19, 2012 5:00pm EST
this pull back just a touch. it's had quite a run here. i'd be a buyer. >> next up, goldman sachs. 52-week high today. shares up are 45%. guy? >> though it closed lower, yes, a 52-week high. goldman sachs, one of those financials that seems to have momentum. the trade has been with these guys around earnings. you either short them into earnings and then look for the bounce, which has worked. but in this case, i this you stay with the long position into their january release and then you sell it and my sense is, by the time they release -- i didn't say it yet. you fired too early. you jumped me. >> no, i'm not folding, either. >> oh. >> bunch of jerks there. hold them into earnings in january, then you fold it because i think it's going to trade up in the mid 130s. >> that's kind of confusing. you're saying -- >> they weren't wrong when they did hold 'em and then fold 'em. they are exactly -- >> hold 'em and fold 'em. >> playing a game. >> it's not "and." it was "or." >>> coming up next, one of our traders has a play to help you make some dough. stick around for the trade. tdd#: 1-800-345-2
Dec 20, 2012 5:00pm EST
sachs and i think bang for your buck, goldman sachs. >> shares of goldman have popped 10% since that call. >> next level to watch, $129.82. if it closes above that, you get a shot at $140. >> all right, now onto the bad. right after thanksgiving, defended his company's stock on "fast money." steve had this to say in his final trade. >> hain, i'm a buyer on weakness. >> not terrible. >> hain -- >> really out there. >> yeah. >> i don't even know if you can use that. >> yeah, well -- humor us. the stock is -- >> i am "fast money." i'm steve grasso. i am "fast money." i was -- that was the bad and the ugly all wrapped into one. >> you said it, my man. >> whole foods is up 54%. hain, up 52%. still. to this day, up 52%. >> so? >> people took off -- going to year end, this was a high flier. this was a winner. full disclosure, i like irwin simon, he's the ceo. >> and steve, you're "fast money." >> and you just surrounded the trade. >> all right. >> 200-day is a stopout on the name. >> first move tomorrow when we come back. stay tuned. [ male announcer ] at scottrade, you won't just find
Dec 23, 2012 3:30pm EST
might say, which is funny and the reaction i liked in my book, senior european goldman sachs guy who i quoted my book sent me an e-mail saying he had rented and i have been the e-mail with trepidation because i thought was going to say. he said something. i'm paraphrasing. i've just read your book, terrifying. i think i'm going to have to move to sweden. so when you even have the goldman sachs guy, and the swedish model is the only one that works. that says something. >> thank you. >> i'm not sure i know how to phrase this question. did you see any difference between the people that did create something? like bill gates and the guy from apple. as compared to the people who i just called paper manipulators, is there any difference in their attitude? i mean, bill gates i don't think behaves as though he's an entitled person, but i don't know him personally of course. he's doing a lot with the money that is good. i don't know the people on wall street. >> of course there are differences and certainly what i found quite an was to talk to any of these guys in each one will say in the abstra
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Dec 3, 2012 9:20am EST
december 14th. 50 countries will get it and the stock is almost back to 600. dell, goldman sachs upgrade today a buy from a cell. $13 is the price target. it is up today. myriad genetics, the supreme court agrees to hear a case whether genes could be patented. if so, a boost for the company. if you can patent them up goes the stock, but today it's down. delta airlines is in talks to buy 49% of virgin airlines from singapore airlines. and maker of the ugg boots, they're out with positive comments on the stock, sets a $65 price target and it's at 41 and rising. and some soamazon, billions ord on-line. and disappointing results for the well in the gulf of mexico, down it goes. t dow industrials holding a 50 point gain. 11 states in a so culled de-cal spiral. and makers versus the takers. the man who wrote the article, why states are going broke and who is going to pay. ♪ jingle bell, jingle bell rock ♪ ♪ snowing and glowing a bushel of fun ♪ ♪ now the jingle hop has begun ♪ ♪ jingle bell rock, jingle bell time ♪ [ male announcer ] at scottrade, you won't just find us online,
Dec 6, 2012 8:00am PST
is the author of "money and power, hold goldman sachs came to rule the world." the labor department came out with the applications for unemployment aid saying it fell sharply for the last week and stocks basically opened flat this morning as we've seen. some of that has to do more with europe than it does with washington. but what is your reasoning for why wall street hasn't displayed more of an impact from this fiscal cliff nonsense? >> thomas, what wall street hates most of all is uncertainty and it's counterintuitive, there's actually plenty of certainty now. what's going to be certain is taxes are going up. either we go off the cliff or the curb and then taxes rise for everybody and then maybe they get repealed for the middle class and others or we reach a deal and taxes go up for the wealthiest 2% and everybody else breathes a sigh of relief. there's some $2 trillion in cash sitting on the balance sheets of corporate america waiting to be put to work. the reason it hasn't been put to work is because of uncertainty. taxes are going to go up, the deficit is going to be reduced, some of th
Dec 12, 2012 5:00pm PST
goldman sachs came to rule the world." mr. cohen, good to have you with us tonight. >> great to be here. >> what do you make of this move? bernanke has been out there that congress has to move on something. they didn't. but now in the 11th hour, he makes this move. how big is it? >> it's very big. it's creative. it's unprecedented. and i think it's by and large going to help the middle class, assuming you're somebody in the middle class who wants to refinance your mortgage or get a mortgage to buy a home in the first place, because what he is doing is lowering, trying to lower long-term interest rates. as he said, short-term interest rates he is going to keep at a quarter of a percentage point. he can't do much more with that. but long-term interest rates he can try to drive down by buying mortgage-backed securities, by buying treasury securities. in a sense, creating artificial demand in the market, which lowers the interest rates, increases the price of bonds. bonds trade inversely to their interest rates. so that will drive down interest rates, encouraging people to borrow more money
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